Toshiba Corp., the world’s second- largest maker of flash memory chips, cut its profit forecast 54 percent, citing a stronger yen, floods in Thailand and slowing demand brought about by the debt crisis in Europe.
Toshiba Corp ., Japan’s biggest maker of nuclear reactors, said about 700 of its engineers have been assigned to help defuse the crisis at Tokyo Electric Power Co.’s crippled Fukushima Dai-Ichi power plant.
Toshiba Corp., Japan’s biggest maker of nuclear reactors, fell to the lowest in more than two years in Tokyo trading after the Wall Street Journal said the company may buy Shaw Group Inc.’s stake in Westinghouse Electric Co.
Asian stocks rose on the first full trading day of the new year after economic reports in the U.S. Germany and India raised optimism global growth will bolster the outlook for earnings in the face of Europe’s debt crisis.
Elpida Memory Inc., the Japanese chip maker being reorganized with government support, jumped the most in six weeks in Tokyo after DigiTimes reported the company is in talks with Toshiba Corp. to “integrate” operations.
Hitachi Ltd. and General Electric Co. submitted a plan to dismantle the crippled Fukushima Dai- Ichi plant they helped build as Japanese engineers battle to contain the worst nuclear crisis since Chernobyl.